State Bank of India closed 6.85% short of its 52-week high of 875.50 rupees, which the company reached on December 6th.

SBI has asked RBI to permit banks to finance acquisitions, saying current restrictions push companies to NBFCs and bonds.

Indian banks are barred from lending for mergers and acquisitions, pushing companies to rely on non-banking financial firms ...

Reserve Bank of India (RBI) has approved the application of Japanese banking major Sumitomo Mitsui Banking Corporation (SMBC) ...

IBA will request RBI to allow banks to fund M&A of listed firms, says SBI Chairman. Urges private sector to invest in capacity expansion.

The Japanese banking giant had earlier proposed a 20% acquisition, including a 13.19% stake purchase from State Bank of India and 6.81% from seven other shareholders such as Axis Bank, HDFC Bank, ...